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Kentucky House votes to decrease individual income tax rate, fulfilling GOP goal

share-iconFriday, January 10 comment-icon1 week ago 6 views
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Kentucky House votes to decrease individual income tax rate, fulfilling GOP goal

Credited from: APNEWS

  • The **Kentucky House** has voted to reduce the state's **individual income tax rate** from **4% to 3.5%**, effective in **2026**.
  • This decision reflects a continued trend in tax reduction since **Republicans** gained complete control of the legislature in **2017**.
  • The **bill received a strong support** with a **90-7** vote and is advancing to the **GOP-led Senate**.
  • While some **Democrats** support the cut for tax relief, concerns have been raised about its potential impact on **essential services** during economic downturns.
  • Proponents argue that lowering taxes will foster **economic growth** and allow citizens to retain more of their earnings.

For the full article, visit AP News.

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